#10 Friendshoring: Rather a myth than reality
01/24/23 • 22 min
Russia's invasion of Ukraine has shown us that the world is in a period of upheaval. Long-standing international laws – like respecting national borders – are being broken. Millions of Ukrainians are fleeing.
And as a result of Russia’s aggression, traditional relations are being questioned. Countries are reconsidering with whom and how much trade and interdependence they still want to allow. And a new term is making the rounds: Friendshoring – trading with friends only.
What it means, how to interpret it, and where supply chains are heading in times of geopolitical rivalry – that is today’s topic of discussion. Our guest is Holger Görg, Interim President of the Kiel Institute for the World Economy and also Director of the Kiel Centre for Globalisation.
https://www.ifw-kiel.de/de/experten/ifw/holger-goerg/
https://www.idos-research.de/en/jb-sustainable-supply-chains/
Russia's invasion of Ukraine has shown us that the world is in a period of upheaval. Long-standing international laws – like respecting national borders – are being broken. Millions of Ukrainians are fleeing.
And as a result of Russia’s aggression, traditional relations are being questioned. Countries are reconsidering with whom and how much trade and interdependence they still want to allow. And a new term is making the rounds: Friendshoring – trading with friends only.
What it means, how to interpret it, and where supply chains are heading in times of geopolitical rivalry – that is today’s topic of discussion. Our guest is Holger Görg, Interim President of the Kiel Institute for the World Economy and also Director of the Kiel Centre for Globalisation.
https://www.ifw-kiel.de/de/experten/ifw/holger-goerg/
https://www.idos-research.de/en/jb-sustainable-supply-chains/
Previous Episode
#9 Is the electric age a game changer for South Africa’s automotive industry?
Or does it pose a risk to the nation’s economy?
The car industry is an important income generator for South Africa. As a side note, the first vehicles were manufactured there already in the 1920’s – almost century ago. Back then, Ford and General Motors built assembly plants. So, there are already established supply chains within the country. Now the global auto industry is electrifying vehicles and batteries are needed everywhere. Being a country with rich mineral resources, could this be a once-in-a-lifetime chance for more and better jobs and increased prosperity? Moderator Nicolas Martin discussing with Justin Barnes executive director of TWIMS. Established by the Toyota Wessels Trust, TWIMS is a not for profit initiative dedicated to the development of manufacturing executives in Africa.
https://twimsafrica.com/justin_barnes/
https://www.idos-research.de/en/jb-sustainable-supply-chains/
Next Episode
#11 What is the effect of environmental standards on agricultural value chains?
Do they help or hinder chances for the Global South to move forward?
Mangos or rice, chocolate or even wood - just to mention a few agricultural products that are heavily exported from several countries in the Global South to the Global North. A growing number of them are grown, harvested and processed in line with environmental standards and labels. These standards are meant to improve environmental conditions. And consumers might think a environment friendly label also improves the social conditions: It just sounds plausible - because whoever cares for the environment also cares for the workers and the small smallholder farmers, right? Well: many certification schemes do consider more dimensions of sustainability - but not all. And there is an increasing evidence that some environmental standards do even worsen the social and economic conditions of firms and farms in the Global South.
In this episode we want to have a look at this evidence. Our moderator Nicolas Martin is discussing this with Aarti Krishnan. She is a development economist working on value chains and green growth at the University of Manchester.
https://research.manchester.ac.uk/en/persons/aarti.krishnan-2
https://scholar.google.com/citations?hl=en&user=CS46MiwAAAAJ
Krishnan, A., De Marchi, V., & Ponte, S. (2022). Environmental upgrading and downgrading in global value chains: A framework for analysis. Economic Geography, 1-26.
Krauss, J. E., & Krishnan, A. (2022). Global decisions versus local realities: Sustainability standards, priorities and upgrading dynamics in agricultural global production networks. Global Networks, 22(1), 65-88.
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